NEW DELHI: Hardening of imported photovoltaic solar module price will moderate the returns for projects awarded over the last six to nine-month period, rating agency Icra said on Tuesday. The increase in imported photovoltaic (PV) solar module price level by about 15-20 per cent over the last 4-5 months, to around 22-23 cents/watt as of […]
Day: June 16, 2021
Innovative, effective solutions for safety on roads, highways: Vikramjiet Roy, MD, Maccaferri India explains
Road safety has been one of the major concerns across India. Every year, it is observed that road accidents either on highways or hilly areas have been endangered for human lives. Hilly regions are more vulnerable to natural disasters causing landslides, debris falls, and other rock fall events, and hence, becomes critical for infrastructure such […]
‘Right time’ to fully extract coal resources to ramp up investments, develop backward regions: Govt
The government of Tuesday said it is the right time to completely extract the available coal resources in the country in a bid to usher in more capital into investments, develop backward regions and expand industries. The statement comes in the backdrop of a growing debate on climate change and assumptions that the demand of […]
Emirates Air posts $5.5 billion loss as coronavirus pandemic disrupts travel
The Middle East’s largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by the coronavirus pandemic. It marks the first time in more than three decades that the Dubai-based airline’s parent group has not churned […]
Interview | Terje Pilskog, EVP, Scatec: ‘Retrospective tariff revisions are not investor-friendly’
Norwegian renewables player Scatec has recently signed an agreement with domestic firm Acme Solar for a 50% stake in the latter’s upcoming 900 megawatt (MW) power generation assets in Rajasthan. Scatec expects India “to be a key market in the years to come”. Terje Pilskog, executive vice president, project development solar and wind, Scatec, tells […]
Sembcorp eyes buying renewable assets to grow India portfolio
Singapore-based Sembcorp Industries is eyeing the acquisition route to increase its renewable energy base in India as the company aims to raise its green power portfolio globally from the existing 3 gigawatt (GW) to 10 GW by 2025, Vipul Tuli, CEO South Asia of Sembcorp Industries, told FE. The company operates in the country through […]
Report card: PFC reports all-time high profit of Rs 8,444 cr in FY21
State-owned Power Finance Corporation (PFC) has reported a net profit of Rs 8,444 crore for the fiscal ended March 2021 on a standalone basis, recording a 49% year-on-year rise from the year-ago period on the back of higher interest income and and lower cost of funds. This is the highest annual profit ever recorded by […]
GE Power India bags 3 orders worth Rs 125 Cr
GE Power India Ltd (GEPIL) has bagged three separate orders worth Rs 125 crore from STEAG Energy (for Vedanta), Tata Power NSE -0.65 % and JSW Steel. GEPIL has received three separate orders for a combined value of Rs 125 crore (USD 16.54 million) for an upgrade of the coal-fired power plants equipment from STEAG […]
Flight delays across America after Southwest Airlines tech glitch
Southwest Airlines blamed a weather data outage after delaying more than 1,400 flights across the United States Monday. Normal service had resumed by Tuesday’s early hours. “Our third-party weather data provider experienced intermittent performance issues earlier this evening preventing transmission of weather information that is required to safely operate our aircraft,” the Dallas-based company said […]
Boeing welcomes US-EU accord, vows to uphold rules
Boeing said Tuesday it “welcomes” a truce between the United States and the European Union on a long-running trade dispute over subsidies to the US plane maker and archrival Airbus. “The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United […]
Shipping & aviation ministries sign pact to develop water aerodromes for new seaplane routes
NEW DELHI: The Union aviation and shipping ministries on Tuesday signed an MoU to develop sea plane services in India. While the shipping ministry will identify and develop water front infrastructure of aerodromes and obtain required statutory clearances, aviation authorities will carry out bidding and select operators under UDAN to operationalise those routes. Union aviation […]
Emirates airline posts $5.5 bn annual loss, a first in over 30 years
Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic badly hit the aviation industry. “Due to ongoing pandemic-related flight and travel restrictions, the airline reported a loss of 20.3 billion dirhams ($5.5 billion) after last year’s 1.1 billion dirhams ($288 million) profit,” […]